Welcome home, Spidey.

Sony Pictures Entertainment and Marvel announced Monday plans to incorporate Spider-Man into the Marvel Cinematic Universe (MCU).

That’s right, it looks like we’ll finally see Spider-Man on the big screen alongside Captain America, Iron Man and the rest of the Avengers. Comic book fans, rejoice.

As part of the deal, a revamped version of the web slinger will first appear in a Marvel film from the MCU, which will likely be “Captain America 3: Civil War” due to his importance in the civil war storyline.

In return, Marvel Studios President Kevin Feige will co-produce Sony’s next installment of the Spider-Man franchise – slated for a July 28, 2017 release – alongside Amy Pascal, who recently stepped down from her post as head of Sony Pictures but will continue working on a few of the studio’s upcoming projects. Sony will also continue to finance, distribute, own and have final creative control of the Spider-Man films.

It is unlikely that Andrew Garfield, who played Peter Parker in “The Amazing Spider-Man” and “The Amazing Spider-Man 2,” will reprise the character.

“Marvel’s involvement will hopefully deliver the creative continuity and authenticity that fans demand from the MCU,” Feige said in statement. “I am equally excited for the opportunity to have Spider-Man appear in the MCU, something which both we at Marvel, and fans alike, have been looking forward to for years.”

Although Spider-Man represents Marvel through and through, Sony is the proud owner of the character’s film rights (much like how Fox owns the film rights for X-Men and the Fantastic Four). In fact, Spider-Man is the studio’s most successful property, with its five films earning more than $4 billion worldwide.

However, the last entry of the franchise, “The Amazing Spider-Man 2,” was considered a disappointment by most fans and critics, and Marvel has been on a roll with its movies, thus making now an ideal time for the two rival studios to partner up.

“We always want to collaborate with the best and most successful filmmakers to grow our franchises and develop our characters,” Michael Lynton, chairman and CEO of Sony Pictures Entertainment, said. “Marvel, Kevin Feige and Amy, who helped orchestrate this deal, are the perfect team to help produce the next chapter of Spider-Man. This is the right decision for the franchise, for our business, for Marvel, and for the fans.”

According to The Hollywood Reporter, the monumental news will have a domino effect on the MCU slate, beginning with “Thor: Ragnarok” being moved from its original date of July 28, 2017 to Nov. 3, 2017. “Black Panther” will now be released on July 6, 2018. “Captain Marvel”moves to Nov. 2, 2018, and “Inhumans” will be pushed back to July 12, 2019.

What do you think about the news?